“I think Bitcoin by this time will have reached about 20% of global purchasing power.
So, this would imply Bitcoin's market cap in 2031 dollars to be about $250 trillion.
So, that's about one-fifth of global M2 stored in Bitcoin.
Now, accounting for inflation, that means Bitcoin's market cap and today's dollars would be about $20 trillion.
So, in 2031 dollars, this is a very bright line to distinguish.
I think Bitcoin, by the year 2031, will be north of $12.5 million per Bitcoin.
But, adjusting for 2031 dollars to be about $250 trillion, it will only feel like north of $1 million per Bitcoin in 2021, because a dollar will have lost so much of its value by then…$12.5 million will spend like $1 million.”
Robert Breedlove
Robert Breedlove
- Founder/CEO Parallax
- Digital Bachelors of Science in Accounting and Finance
- Master’s Degree in Accounting
- His YouTube channel
Watch the Video:
Source: https://www.youtube.com/watch?v=pydsvHRbh74
